Fed will raise rates when economy meets conditions, Barkin says

Fed will raise rates when economy meets conditions, Barkin says

“I expect to start raising rates when we meet the conditions that we’ve talked about,” Barkin said on CNBC. The Fed has promised not to raise rates until the economy has reached full employment and inflation has not only hit the Fed’s 2% goal but is on track to exceed that goal for some time. “I don’t have a sense that there’s a timing, there’s a year, there’s a month, there’s a quarter that I’m thinking about,” he said.

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